Abnormal Returns
DECEMBER 12, 2023
Strategy Why do people still try to forecast a year ahead? (behaviouralinvestment.com) Stocks can hedge against inflation, but you still shouldn't hope for it. (morningstar.com) Finance $4 trillion of 'dry powder' for PE. Opportunity or threat? (ft.com) Citadel Investments had (another) good year. (bloomberg.com) ETFs ETFs continue to generate interest among advisers.
Nerd's Eye View
DECEMBER 12, 2023
Welcome back to the 363rd episode of the Financial Advisor Success Podcast! My guest on today's podcast is Christa Madison. Christa is the Managing Director of Financial Planning and Business Development at Sebold Capital, a fee-only RIA based in Chicago, Illinois, which manages $300M across more than 100 client households. What's unique about Christa, though, is how she used her business development and networking skills to overcome the challenges that sprung up when, through a combination of p
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Abnormal Returns
DECEMBER 12, 2023
Venture capital VC-backed IPOs don't perform better over the long run. (papers.ssrn.com) Research shows a disadvantage to big VC funds, return-wise. (institutionalinvestor.com) Alternative assets The institutionalization of alternative assets has backfired for most investors. (investmentecosystem.com) The dispersion in private equity portfolio returns is not unexpected.
A Wealth of Common Sense
DECEMBER 12, 2023
Let’s walk through a quick thought exercise: How many homeowners could afford the monthly payment on their house at current levels of mortgage rates and home prices? Take the current value of your home, subtract 20% for a down payment and slap a 7% mortgage rate on it. Could you afford it? I did this for my house. The monthly payment would be nearly three times what we’re currently paying!
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It's the time of year to give our close process some TLC. Join us in this one hour webinar where we discuss how to adopt leading practices and infuse technology into the month-end close process to improve our experience and increase our productivity during month-end and quarter-end close. Learning Objectives: This course's objective is to understand how the month-end close can be improved with automation and adoption of leading practices.
The Big Picture
DECEMBER 12, 2023
My Two-for-Tuesday morning train reads: • How four different types of stock market participants are thinking about 2024 : Financial pros are bullish, but consumers not so much. ( TKer ) see also When Bond Yields Dropped, the Everything Rally Kicked Off : Stocks, bonds, crypto and gold are surging, sparking worries of a fleeting sugar high ( Wall Street Journal ) • ESG Critics Ultimately May Help Improve the Strategies : Subjective and arbitrary decisions do affect ESG rankings — but ongoing ch
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Wealth Management
DECEMBER 12, 2023
In this final episode of the Common Area podcast, listen to a replay of David Bodamer's conversation with Capital Square's Louis Rogers about the tax benefits of certain real estate structures.
Advisor Perspectives
DECEMBER 12, 2023
Do you use your company email for personal purposes? If so, think twice. Then stop.
Wealth Management
DECEMBER 12, 2023
Altruist is also building out an integrations marketplace, with detailed profiles of each vendor and reviews from existing customers.
Calculated Risk
DECEMBER 12, 2023
From the BLS : The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.1 percent in November on a seasonally adjusted basis, after being unchanged in October, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 3.1 percent before seasonal adjustment. The index for shelter continued to rise in November , offsetting a decline in the gasoline index.
Speaker: Sierre Lindgren
Fraud is a battle that every organization must face – it’s no longer a question of “if” but “when.” Every organization is a potential target for fraud, and the finance department is often the bullseye. From cleverly disguised emails to fraudulent payment requests, the tactics of cybercriminals are advancing rapidly. Drawing insights from real-world cases and industry expertise, we’ll explore the vulnerabilities in your processes and how to fortify them effectively.
Wealth Management
DECEMBER 12, 2023
Apex has filed a registration statement today with the SEC for an initial public offering. It's the firm's second attempt after a SPAC deal fizzled out a year ago.
Trade Brains
DECEMBER 12, 2023
Hammer Candlestick Pattern : Candlestick patterns are a part of technical analysis preferred by traders to understand and predict the future price movement in securities. Here in this article, we shall discuss the hammer candlestick pattern with its meaning, types and how to set up a trade with the pattern formation. What is a Hammer Candlestick Pattern?
Wealth Management
DECEMBER 12, 2023
But the wirehouse has increased expense allowances for all advisors and reduced incentives for mortgage referrals.
Calculated Risk
DECEMBER 12, 2023
Here are a few measures of inflation: The first graph is the one Fed Chair Powell had mentioned earlier when services less rent of shelter was up 7.6% year-over-year. This declined sharply and is now up 3.5% YoY. Click on graph for larger image. This graph shows the YoY price change for Services and Services less rent of shelter through November 2023.
Speaker: Aaron Berson
Managing spend is more than a cost cutting exercise – it's a pathway to smarter decisions that unlock efficiency and drive growth. By understanding and refining the spending process, financial leaders can empower their organizations to achieve more with less. Explore the art of balancing financial control with operational growth. From uncovering hidden inefficiencies to designing workflows that scale your business, we’ll share strategies to align your organization’s spending with its strategic g
Wealth Management
DECEMBER 12, 2023
The Portland-based firm sets up shop in Philadelphia to expand support services following a year of record growth along the East Coast.
Advisor Perspectives
DECEMBER 12, 2023
You can manage the transition period after someone leaves your team in a way that makes your clients happier than ever and more confident in your firm.
Wealth Management
DECEMBER 12, 2023
Mariner Wealth Advisors' claims follow Edelman Financial Engines' lawsuit filed last month accusing Mariner of recruiting Edelman advisors, and helping them break non-solicitation agreements.
Clever Girl Finance
DECEMBER 12, 2023
Most of us have heard of various ways to save cash that can really work. And something like saving can be easier if you make it fun. That’s why so many people love finding weird ways to save money, like funny and crazy money-saving challenges. Table of contents 40 weird ways to save money Expert tip: Ditch the plastic and pay with cash What are the best ways to dramatically save money?
Speaker: Duke Heninger, Partner and Fractional CFO at Ampleo & Creator of CFO System
Are you ready to elevate your accounting processes for 2025? 🚀 Join us for an exclusive webinar led by Duke Heninger, a seasoned fractional CFO and CPA passionate about transforming back-office operations for finance teams. This session will cover critical best practices and process improvements tailored specifically for accounting professionals.
Wealth Management
DECEMBER 12, 2023
Alts firms that have historically catered to big investors and institutions, like KKR, Blackstone, Apollo and Ares, are all pursuing individual investors with new products, reports Forbes. The Wall Street Journal examined the tricky math involved in valuing private real estate funds. These are among the must reads from the real estate investment world.
Random Roger's Retirement Planning
DECEMBER 12, 2023
Bloomberg wrote what I interpret as a scathing condemnation of JP Morgan's handling of a customer account. The client was in his 70's when the story starts in 2015 and he had "at least $50 million." Over the next few years there was a combo of the client becoming cognitively impaired and the bank had him in very "sophisticated" and complex investments with a boat load of leverage and very concentrated allocation to master limited partnerships (MLPs).
Advisor Perspectives
DECEMBER 12, 2023
Most of your websites are horrendous. If you are making any of these six mistakes, fix them right now.
Ron A. Rhodes
DECEMBER 12, 2023
Can the use of a title – such as “financial planner” (or CFP) or “financial consultant” or “wealth manager” or “investment consultant” or similar – by the registered represent of…
Speaker: Ashley Harlan, MBA
What if your role as a fractional CFO went beyond operational support to actively shaping the future of your clients’ businesses? 💼 ✨ In this session, discover how fractional finance professionals can position themselves as architects of growth, guiding their clients toward sustainable success and preparing them for full-time financial leadership.
Advisor Perspectives
DECEMBER 12, 2023
The Consumer Price Index for Urban Consumers (CPI-U) released for November puts the year-over-year inflation rate at 3.14%. The latest reading keeps inflation below the 3.74% average since the end of the Second World War for the 6th straight month. However, inflation remains above the 10-year moving average which is now at 2.73%.
Calculated Risk
DECEMBER 12, 2023
The Cleveland Fed released the median CPI and the trimmed-mean CPI. According to the Federal Reserve Bank of Cleveland, the median Consumer Price Index rose 0.4% in November. The 16% trimmed-mean Consumer Price Index increased 0.3% in November. "The median CPI and 16% trimmed-mean CPI are measures of core inflation calculated by the Federal Reserve Bank of Cleveland based on data released in the Bureau of Labor Statistics’ (BLS) monthly CPI report".
Advisor Perspectives
DECEMBER 12, 2023
Inflation cooled in November with both headline and core CPI readings coming in as expected. According to the Bureau of Labor Statistics, the headline figure for the Consumer Price Index dropped to 3.1% year-over-year while core CPI was flat at 4.0%.
Financial Symmetry
DECEMBER 12, 2023
The end of 2023 is quickly approaching. Before your calendar is filled with holiday parties and finding the perfect gift for your next White Elephant gift exchange, here are some items you might consider before saying goodbye to 2023: … Continued The post End-of-the-Year Financial Checklist appeared first on Financial Symmetry, Inc.
Speaker: Abdi Ali, Sr. Lease Accounting Consultant
Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.
Advisor Perspectives
DECEMBER 12, 2023
The headline number for the NFIB Small Business Optimism Index fell to 90.6 in November, as small business owners remained pessimistic about future business conditions. The latest reading was better than the forecast of 90.7 and marked the 23rd straight month the index has been below the series average of 98.1.
Calculated Risk
DECEMBER 12, 2023
Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Wednesday: • At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index. • At 8:30 AM, The Producer Price Index for November from the BLS. The consensus is for a 0.1% increase in PPI, and a 0.2% increase in core PPI. • At 2:00 PM, FOMC Meeting Announcement.
Advisor Perspectives
DECEMBER 12, 2023
I've updated this series to include the November release of the consumer price index as the deflator and the monthly employment update. The latest hypothetical real (inflation-adjusted) annual earnings are at $49,517, down 7.67% from over 50 years ago. After adjusting for inflation, hourly earnings are below their all-time high from April 2020.
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